GoldBod pushes Gold Tokenisation to boost capital formation
The Ghana Gold Board (GoldBod) has called for the tokenisation of gold as part of efforts to deepen capital formation, expand investment access and strengthen economic stability.
Speaking at the 2026 Money Summit organised by the Business and Financial Times (B&FT), the Director of Finance at Ghana Gold Board, Dr George Baah Danquah, explained that the initiative would allow Ghanaians to own fractional interests in gold through digital tokens. According to him, this would make gold more accessible to a broader section of the population while promoting wealth creation and domestic capital mobilisation.
He noted that individuals could invest in gold in very small amounts, with entry points projected to start from as low as GH¢15.
Dr Danquah said GoldBod, established under Act 1140, has been focused on formalising the artisanal and small-scale mining (ASM) sector to improve transparency, accountability and foreign exchange inflows.
He disclosed that Ghana’s gold exports rose significantly from about 63.8 tonnes in 2024 to nearly 104 tonnes in 2025, with the ASM sector accounting for almost half of total exports.
While acknowledging the boost in foreign exchange earnings, he said Ghana continues to lose substantial value due to limited domestic capacity to refine gold locally.
He reiterated government’s goal of ensuring that all gold is refined domestically by 2030, a move expected to increase value addition, create jobs and improve sector revenues.
Dr Danquah also highlighted that the recently passed Virtual Asset Act and the Securities and Exchange Commission’s regulatory sandbox provide a legal and institutional framework for the development of tokenised gold products and related financial services.
He added that GoldBod is pushing for gold-backed securities and other asset-backed financial instruments, arguing that they could help reduce borrowing costs, lower credit risk and expand access to finance.
He further urged stronger collaboration among regulators, financial institutions and industry stakeholders, encouraging Ghanaians to take advantage of the emerging gold tokenisation ecosystem to strengthen investor confidence and support long-term economic growth.
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